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Finance

Latest News

Banks_Economy_GettyImages_626

February 3, 2021 at 6:42 pm

The GameStop Rebels vs. “Too Big to Fail”…

Last week, a large number of small-time investors drove up the price of GameStop’s (GME) stock a historic 1,784 percent. But this was no mere spike in some obscure stock…

Farmer_agriculture

February 3, 2021 at 6:06 pm

JoeBama to Divert $30 Billion in Aid Trump Left for Farmers to Climate Change without Waiting for Congress…

The Trump Administration left $30 billion to help farmers suffering from the trade wars but Biden is going to divert the money to climate change pet projects…

Joe_Biden_Georgia_Special_Election_2020

February 3, 2021 at 5:09 pm

Hey Georgia Voters You’ve Been Schnookered!: JoeBama Breaks Promise to Georgia Voters – You Won’t Be Receiving $2k Stimulus Checks…

Joe Biden is officially breaking his promise to provide all Americans with a $2,000 direct stimulus check. Instead, Biden and Democrats in Congress plan to ram through a bill for a $1,400 stimulus check, claiming that the $600 provided by Republicans under the Trump administration was a “down payment” for the total of $2,000…

Jeff_Bezos_Money

February 2, 2021 at 7:56 pm

Amazon Reports Blowout Quarter, Jeff Bezos Stepping Down As CEO…

Amazon was expected to post a record year, its sales supercharged by the pandemic with the online retail giant among the main beneficiaries. The debate retail watchers are having now is the extent to which people are going to go back to physical stores when the virus recedes…

laurie_cox_stroppel_hotel_south_dakota_AP

February 1, 2021 at 6:55 pm

Biden’s Climate Executive Orders Devastated These U.S. Workers in a Day…

The XL pipeline wasn’t the only project stopped by Biden’s pen. On Wednesday, he issued an executive order halting oil and gas leasing and drilling permits on federal lands and waters. That order hit hardest in New Mexico, where the oil- and gas-rich Permian Basin lies largely on federal land…

Kitten

January 29, 2021 at 7:35 pm

Meet The Man Behind The Massive GameStop Rally…

Meet Keith Patrick Gill, the 34-year old Massachusetts financial advisor who set off the Wall Street earthquake around GameStop…

Main_Street_America_GettyImages_Scott_Olson

January 29, 2021 at 5:27 pm

Time for a Main Street Policy Agenda…

The demise of the small-business sector and the gutting of so many of our communities have played a huge role in the political unrest we have in America…

Tyranny_Authoritarian

January 28, 2021 at 8:05 pm

How WallStreetBets Caught the Attention of Wall Street Titans…

The Humbling of Hedge Funds & the Rise of Retail…

Dark_Pool_Trading_in_GameStop_Week_of_December_21_2020

January 28, 2021 at 7:52 pm

GameStop Shares: Dark Pools Owned by Goldman Sachs, JPMorgan, UBS, et al, Have Made Tens of Thousands of Trades…

Dark Pools owned by the biggest names on Wall Street – such as Goldman Sachs’ Sigma X2, JPMorgan Chase’s JPM-X, UBS’ UBSA, Morgan Stanley’s MSPL, and Credit Suisse’s Crossfinder — have been making tens of thousands of trades in the shares of GameStop on an ongoing weekly basis…

Game_Stop_GettyImages_Frederic_J_Brown

January 28, 2021 at 7:44 pm

Glenn Greenwald Weighs In: The Reddit Revolution, GameStop and Melvin Capital…

One of the most interesting and potentially significant conflicts to happen in some time — not just financially but culturally and politically — deserves serious scrutiny…

Elon_Musk_Tesla_Reuters_Toru_Hanai

January 28, 2021 at 7:21 pm

Elon Musk, Ted Cruz, AOC, Ja Rule, Donald Trump Jr, Barstool Sports, More Slam Robinhood For Banning ‘Meme Stock’ Trades…

Personalities from both sides of the political aisle, as well as completely nonpartisan entertainers, are slamming hedge funds and Robinhood…

Robinhood_Trading_Platform

January 28, 2021 at 6:49 pm

Liquidity Crisis? Robinhood Forced to Draw-Down Credit Lines Amid Trading Ban…

Update 1655ET: Shortly after Robinhood folded on its earlier decision to block buying of several high-profile stocks, Bloomberg reports the company has drawn down some of its credit lines with banks…

A_young_boy_is_cleaning_the_shoes_of_a_man_dressed_in_fine_c_Wellcome

January 28, 2021 at 6:40 pm

WallStreetBets Proves the System Is Rigged…

The epic short squeezes had some hedge funds being carried out because their naked shorts have blown up. Reddit clamped down on WallStreetBets, briefly making the subreddit private and then re-opening it…

Game_Stop_Wall_Street_Bets

January 28, 2021 at 6:33 pm

REDDITOR: AN OPEN LETTER TO MELVIN CAPITAL, CNBC, BOOMERS AND WSB…

I was in my early teens during the ’08 crisis. I vividly remember the enormous repercussions that the reckless actions by those on Wall Street had in my personal life, and the lives of those close to me…

Janet_Yellen_GettyImages

January 27, 2021 at 8:06 pm

Ten Months after Stepping Down as Fed Chair, Janet Yellen Became Part of the “Leadership” Team for Forums Tied to the Chinese Communist Party…

Former Fed Chair and Treasury Secretary nominee Janet Yellen has failed to report the details of millions of dollars in fees that she earned in 2018, the year she stepped down as Fed Chair, as she went on a whirlwind of speaking engagements in foreign cities around the world…

California_Employment_Development_Department

January 27, 2021 at 6:43 pm

27% of California Unemployment Payments Could Be Fraudulent Reaching into the Billions…

At least $11 billion in unemployment claims made in California during the pandemic were fraudulent, state officials revealed Monday in a conference call about the reeling jobless benefits system designed to help millions of out-of-work residents…

total_76_gas_station_solar

January 27, 2021 at 5:54 pm

Get Ready for Prices at the Gas Pump to Go Up, Up, Up…

With move by Saudi Arabia, average U.S. price of regular gasoline has jumped 13 cents a gallon since beginning of year…

Most_Shorted_Stocks

January 27, 2021 at 5:30 pm

Stunning Short-Squeeze Sparks Hedge Fund Hell, Bitcoin & Big-Tech Battered…

An index of the “most-shorted” stocks in the US equity market is up a stunning 54% in January. For context, it was up 49% in the entirety of 2020, one of its greatest years ever…

Lopez_Obrador_Mexico

January 26, 2021 at 7:04 pm

Americans Still Awaiting Wuhan Virus Stimulus Checks as JoeBama Offers $4B to Central America…

Meanwhile, many Americans have not yet received their $600 stimulus check…

Keystone_XL_Pipeline

January 26, 2021 at 6:48 pm

Republican Reveals the Dirty Secret About Biden Halting Keystone Pipeline…

“This is a major infrastructure project that President Biden killed six hours into his presidency,” Daines said. “It’s outrageous and it’s going to get worse.”…

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